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location:Perth
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Chile’s Senate Energy and Mining Commission has approved a mining royalty bill to increase the contribution to state coffers from the copper and lithium sectors. It now advances to the finance committee for a final review before being voted on by the Senate.
Chile mining minister Marcela Hernando welcomes royalty bill advance
The bill was modified in October 2022 to apply a flat-rate ad valorem, or revenue-based, tax of 1% for large-scale copper mining whose exploitation exceeds 50,000tpa, thus excluding medium-sized
Miners continue to seek adjustments
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